I'm confused, how much is 12% worth when acquired?
If we aren't talking about $3x,xxx or more USD, then the acquisition isn't really very financially significant.
As such I would tell the cofounder that litigiation is a waste of time for both parties and that he really should just give you 12% or etc before you are forced to ruin a relationship and pursue legal action, which would be a net loss for everyone except the lawyers.
If we aren't talking about $3x,xxx or more USD, then the acquisition isn't really very financially significant.
As such I would tell the cofounder that litigiation is a waste of time for both parties and that he really should just give you 12% or etc before you are forced to ruin a relationship and pursue legal action, which would be a net loss for everyone except the lawyers.